September 26, 2023 – Wedmont Private Capital, a private investment firm, has announced a significant increase in its stake in Kimberly-Clark Co. (NYSE:KMB). According to the company’s recent filing with the Securities and Exchange Commission (SEC), Wedmont Private Capital raised its position in Kimberly-Clark by 68.7% during the second quarter. The firm now holds 4,504 shares of the company’s stock, an addition of 1,834 shares compared to the previous period. This increased holding is valued at $609,000 as of their most recent SEC filing.
Kimberly-Clark, a leading multinational personal care products corporation, recently released its quarterly earnings data on July 25th. The company reported earnings per share (EPS) of $1.65 for the quarter, surpassing analysts’ consensus estimates by $0.17. In terms of revenue, Kimberly-Clark generated $5.13 billion for the quarter, matching analyst predictions exactly. Comparatively, this represents a slight uptick of 1.4% from the same period last year.
The return on equity for Kimberly-Clark during this period was an impressive 303.40%, indicating strong profitability for the company. Additionally, the firm achieved a net margin of 8.07%. These positive financial indicators demonstrate Kimberly-Clark’s strong performance and market position within the personal care products industry.
Equities research analysts have been closely monitoring Kimberly-Clark’s progress and have provided their insights on the company’s outlook. StockNews.com recently initiated coverage on Kimberly-Clark and assigned it a “buy” rating based on their analysis. Conversely, Bank of America reduced their target price for Kimberly-Clark from $145.00 to $138.00 but maintained a positive outlook on the stock in their report published on July 26th.
Barclays also revised their target price for Kimberly-Clark, increasing it from $137.00 to $141.00 while assigning the company an “equal weight” rating on July 27th. HSBC, in their report released on Friday, marked Kimberly-Clark as a “hold” and set a target price of $133.00. Finally, TheStreet downgraded Kimberly-Clark from a “b” rating to a “c+” rating on July 25th.
Data collected from Bloomberg.com reveals that there is currently a consensus among analysts for Kimberly-Clark with a “Hold” rating and an average target price of $135.15. This average reflects the overall opinion of various market experts regarding the future performance of Kimberly-Clark’s stock.
In conclusion, Wedmont Private Capital’s recent increase in its position in Kimberly-Clark indicates confidence in the company’s growth potential. Moreover, Kimberly-Clark’s strong quarterly earnings show promising financial results. While analysts’ opinions vary, the company remains well-positioned within its industry sector and continues to attract attention from market participants. Investors will likely keep a keen eye on future developments relating to the company and its stock performance moving forward.
Please note that this article is based solely on the given text and does not reflect real-time information or market conditions beyond September 26, 2023 reference date.
PPG Industries, Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Activity and Analysis of Kimberly-Clark Stock Ownership: Hedge Funds, Institutional Investors, and Insider Transactions
September 26, 2023 – In recent months, there has been significant activity in the trading of Kimberly-Clark stock. Hedge funds and institutional investors have been buying and selling shares of the company, leading to fluctuations in its ownership structure.
One notable institution that has increased its stake in Kimberly-Clark is Lincoln National Corp. During the first quarter of this year, Lincoln National Corp boosted its stake by 0.8%, now owning 9,554 shares of the company’s stock valued at $1,282,000 after purchasing an additional 73 shares. Similarly, Chesley Taft & Associates LLC increased its stake by 3.6% during the same period, acquiring an additional 75 shares and bringing their total to 2,174 shares valued at $292,000.
Country Club Bank GFN and Wolff Wiese Magana LLC also raised their holdings in Kimberly-Clark by small margins during the first quarter. Country Club Bank GFN now owns 5,138 shares worth $683,000 after purchasing an additional 75 shares. Likewise, Wolff Wiese Magana LLC holds 7,963 shares valued at $1,069,000 after acquiring an extra 77 shares.
Avidian Wealth Solutions LLC rounded out the list of institutions increasing their holdings in Kimberly-Clark during this period. Avidian now owns a total of 6,431 shares worth $863,000 after adding an additional 77 shares to their portfolio.
It is worth noting that hedge funds and other institutional investors currently own approximately 74.38% of Kimberly-Clark’s stock. This high level of ownership indicates strong interest from large investors in the future prospects of the company.
In terms of financial performance and market position, Kimberly-Clark Co., listed under ticker symbol KMB on Tuesday opened at a price of $123.48 per share. The company saw a fifty-two week low at $108.74 and a fifty-two week high at $147.87.
Kimberly-Clark’s financial indicators also reveal specific insights into its operations. The company has a 50-day moving average of $128.63 and a 200-day moving average of $133.85, pointing towards both short-term and long-term trends. Additionally, Kimberly-Clark’s financial structure entails debt-to-equity ratio of 12.21, a current ratio of 0.87, and a quick ratio of 0.55.
As for market capitalization, Kimberly-Clark stands at $41.76 billion with a price-to-earnings (PE) ratio of 25.46. The price-to-earnings-growth (PEG) ratio is reported at 2.36, while the beta is calculated to be 0.39.
Although Kimberly-Clark boasts impressive financial figures and stock performance, equities research analysts have offered mixed opinions on the company’s future prospects. StockNews.com recently initiated coverage on Kimberly-Clark with a “buy” rating, indicating positivity among certain analysts about investing in this stock.
However, Bank of America reduced their target price from $145.00 to $138.00 in a recent report, indicating skepticism towards further stock appreciation.
Barclays took a more neutral stance by raising their target price from $137 to $141 and assigning an “equal weight” rating to the company in one of their reports published on July 27th.
HSBC assumed coverage on Kimberly-Clark as well, offering a “hold” rating along with a target price of $133 for the stock.
Finally, TheStreet downgraded Kimberly-Clark from a “b” rating to “c+” in another research note published on July 25th.
When considering all these ratings together with other factors such as historical data analysis and industry outlooks, Bloomberg.com highlights that the current consensus rating for Kimberly-Clark is “hold,” with an average target price of $135.15.
Kimberly-Clark has also announced a quarterly dividend, set to be paid on October 3rd, 2023. Stockholders of record as of September 8th will receive a dividend of $1.18 per share. This dividend represents an annualized payout of $4.72 and yields at 3.82%. The ex-dividend date for this payment falls on September 7th.
In recent insider activity, Sandra R. Karrmann, an executive at Kimberly-Clark, sold 5,122 shares of the company’s stock in two separate transactions conducted on August 29th. The shares were sold at an average price of $129.80, resulting in a total transaction value of $664,835.60. As a result of these sales, Karrmann now holds 6,228 shares valued at approximately $808,394.40.
Furthermore, another insider at Kimberly-Clark, Jeffrey P. Melucci sold 4,423 shares in late July at an average price of $130.23 per share totaling $576,007.29.
Disclosure regarding these insider transactions can be found through the Securities & Exchange Commission